Quote:
Originally Posted by Egomancer
Anyway, USA is fucked - big time. If the USD falls 10% more (which I really fear that may happen the next weeks) then goverments will start selling USD. If they sell, then USA defaults and then there is going to be war (I am not kidding here). So pray that USD does not fall more - the truth is that no one wants war and no one wants the USD to go down...
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Na
... not that bad man and no war - who cares enough? The US is not likely to "default" as such - if anything it will take longer to happen (always does with a screwed corp - the "management" live in lala land while they hope to limit the damage and rise from the ashes), - prob a gradual continuation of the trend over the last few years.
Currencies like the Euro are forecast to rise "naturally" by another 5% by the year end - nothing to do with the dollar, - but that will obviously put more pressure on the dollar.
China is a major player in this - they are very slowly dumping dollars but plenty more to go. The current value of the dollar is not gonna please em. Interesting attitude they have with the US - there was a car trading deal recently - the US put.. think 2% import tax on Chinese imported vehicles and China slapped 25% on US car imports - that's kinda confident
They don't give a shit.